Chaos erupted at schools and colleges throughout the US on Thursday as a cyberattack disrupted online learning platform Canvas just as students were due to take final exams. Canvas parent company Instructure said that as of Friday morning, the platform was back online. Instructure said it temporarily took Canvas offline on Thursday after identifying unauthorized activity in its network. The threat...
Chaos erupted at schools and colleges throughout the US on Thursday as a cyberattack disrupted online learning platform Canvas just as students were due to take final exams. Canvas parent company Instructure said that as of Friday morning, the platform was back online. Instructure said it temporarily took Canvas offline on Thursday after identifying unauthorized activity in its network. The threat actor was the same one responsible for a data breach that Instructure disclosed a week ago. Data accessed included user names, email addresses, student ID numbers, and messages exchanged on the platform. The company said it has no indication that passwords, dates of birth, government identifiers, or financial information were involved. Schools and colleges scramble A ransomware group known as ShinyHunters claimed responsibility for the breach on its dark web site. It claimed the data it took came from 275 million people associated with 8,800 schools. Read full article Comments
Sen. Elizabeth Warren (D-Mass.) raised an alarm over Meta's (NASDAQ: META) upcoming stablecoin plans. In a letter to CEO Mark Zuckerberg on May 6, she demanded transparency over the company's plans to integrate a third-party stablecoin into its platform in the coming months. "The lack of ...
Sen. Elizabeth Warren (D-Mass.) raised an alarm over Meta's (NASDAQ: META) upcoming stablecoin plans. In a letter to CEO Mark Zuckerberg on May 6, she demanded transparency over the company's plans to integrate a third-party stablecoin into its platform in the coming months. "The lack of ...
Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, and Oksana Aronov, head of market strategy for alternative fixed income at JPMorgan Asset Management, join Caroline Hyde and Emily Graffeo on "Bloomberg Real Yield." (Source: Bloomberg)
Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, and Oksana Aronov, head of market strategy for alternative fixed income at JPMorgan Asset Management, join Caroline Hyde and Emily Graffeo on "Bloomberg Real Yield." (Source: Bloomberg)
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles.
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles.
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles.
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support roles.
G0d4ather/iStock Editorial via Getty Images Apollo Global Management ( APO ), Blackstone ( BX ), and some other private credit firms are said to be in discussions with the semiconductor company Broadcom ( AVGO ) ( AVGO:CA ) over ~$35B financing. The potentially largest ever private credit deal is expected to help Broadcom fund the development of chips for AI tasks, people familiar with the matter ...
G0d4ather/iStock Editorial via Getty Images Apollo Global Management ( APO ), Blackstone ( BX ), and some other private credit firms are said to be in discussions with the semiconductor company Broadcom ( AVGO ) ( AVGO:CA ) over ~$35B financing. The potentially largest ever private credit deal is expected to help Broadcom fund the development of chips for AI tasks, people familiar with the matter told Bloomberg News . Broadcom CEO Hock Tan had reportedly said in March that the company's AI chip sales are expected to top $100B in 2027. The investment-grade firm is not a conventional borrower for private credit, but leading private credit firms are increasingly targeting blue-chip corporations recently, the Friday, May 8 report noted. Current financing deal could cement the private credit industry's significant role in providing for AI's vast infrastructure requirements, Bloomberg noted. More on related tickers Broadcom Is Flexing Its AI Infrastructure Software Muscle Apollo Global Management, Inc. (APO) Q1 2026 Earnings Call Transcript Broadcom: Hiding In Plain Sight At A Discount MarineMax gains on report of increased takeover interest Broadcom sinks as OpenAI chip deal reportedly hits financing snag
G0d4ather/iStock Editorial via Getty Images Apollo Global Management ( APO ), Blackstone ( BX ), and some other private credit firms are said to be in discussions with the semiconductor company Broadcom ( AVGO ) ( AVGO:CA ) over ~$35B financing. The potentially largest ever private credit deal is expected to help Broadcom fund the development of chips for AI tasks, people familiar with the matter ...
G0d4ather/iStock Editorial via Getty Images Apollo Global Management ( APO ), Blackstone ( BX ), and some other private credit firms are said to be in discussions with the semiconductor company Broadcom ( AVGO ) ( AVGO:CA ) over ~$35B financing. The potentially largest ever private credit deal is expected to help Broadcom fund the development of chips for AI tasks, people familiar with the matter told Bloomberg News . Broadcom CEO Hock Tan had reportedly said in March that the company's AI chip sales are expected to top $100B in 2027. The investment-grade firm is not a conventional borrower for private credit, but leading private credit firms are increasingly targeting blue-chip corporations recently, the Friday, May 8 report noted. Current financing deal could cement the private credit industry's significant role in providing for AI's vast infrastructure requirements, Bloomberg noted. More on related tickers Broadcom Is Flexing Its AI Infrastructure Software Muscle Apollo Global Management, Inc. (APO) Q1 2026 Earnings Call Transcript Broadcom: Hiding In Plain Sight At A Discount MarineMax gains on report of increased takeover interest Broadcom sinks as OpenAI chip deal reportedly hits financing snag
Earnings Call Insights: Heritage Insurance Holdings (HRTG) Q1 2026 Management view CEO Ernesto Garateix said Q1 results reflect a multi-year strategy shift and “the beginning of the next phase of our strategy, which is opening for new business to prudently grow and further diversify our business while maintaining acceptable margins.” CEO Garateix framed the quarter around profitability and underwr...
Earnings Call Insights: Heritage Insurance Holdings (HRTG) Q1 2026 Management view CEO Ernesto Garateix said Q1 results reflect a multi-year strategy shift and “the beginning of the next phase of our strategy, which is opening for new business to prudently grow and further diversify our business while maintaining acceptable margins.” CEO Garateix framed the quarter around profitability and underwriting, saying, “We earned $36.5 million or $1.19 per share,” and added that retention was “approximately 88%,” while “rate adequacy is firmly in place throughout our book of business.” CEO Garateix highlighted Florida commercial pricing pressure and stated, “To the extent competitors offer commercial residential products, which are inadequately priced, we will not follow suit.” He said the company is “leveraging the expertise of our commercial residential team to expand this product into other states, most recently Hawaii.” CEO Garateix emphasized growth momentum in reopened territories, saying, “new business written up 62.7% from the first quarter of 2025 and over 30% from the fourth quarter of 2025,” and described policy count trends as pointing to “a growth inflection in the coming quarters.” CEO Garateix reiterated planned Texas entry, saying the company’s “planned entry into Texas on an excess and surplus lines basis” is expected to be “modest in the first year,” with production focused on “Tier 1 and select Tier 2 geographies.” CFO Kirk Lusk said, “We reported net income of $36.5 million or $1.19 per diluted share for the first quarter of 2026,” and tied performance to “lower net losses incurred and higher investment income, partially offset by higher operating expenses.” Outlook Management did not provide formal EPS or revenue guidance ranges in this transcript; the forward-looking commentary centered on growth inflection and underwriting/reinsurance tailwinds. CFO Lusk said the company expects premium trends to turn during 2026, stating, “we actually think probably ...
Earnings Call Insights: Drilling Tools International (DTI) Q1 2026 Management View CEO R. Prejean said Q1 “came in largely as anticipated,” citing “total consolidated revenue of $38 million and adjusted EBITDA of $7.5 million,” and reiterated that “our outlook for the full year remains intact, and we are reaffirming our 2026 guidance ranges today.” CEO Prejean highlighted regional drivers and disr...
Earnings Call Insights: Drilling Tools International (DTI) Q1 2026 Management View CEO R. Prejean said Q1 “came in largely as anticipated,” citing “total consolidated revenue of $38 million and adjusted EBITDA of $7.5 million,” and reiterated that “our outlook for the full year remains intact, and we are reaffirming our 2026 guidance ranges today.” CEO Prejean highlighted regional drivers and disruptions, saying “North American land activity continued to be flat to slightly down,” while “the ongoing regional conflict has created some operational disruption” in the Middle East; he added that “due to our more targeted footprint and specialized product focus, we have continued to see rising demand for our tools in the Middle East even through this volatility.” CEO Prejean emphasized technology-led international momentum, stating “our ClearPath stabilizer technology continues to gain traction,” “the Drill-N-Ream is making steady progress in the Middle East,” and “our Deep Casing Tools product line… has continued its recovery with a notable rebound in product sale purchase orders.” CEO Prejean flagged a capital markets overhang removal, saying HHEP “completed the distribution of its remaining DTI shares to its limited partners,” which “materially increases our public float and our trading liquidity,” alongside “the recent refreshment of our Board of Directors.” CFO David Johnson reported Q1 profitability and cash flow details: “Net loss attributable to stockholders for the first quarter was $1.5 million or a loss of $0.04 per share,” “adjusted EBITDA was $7.5 million,” and “adjusted free cash flow was a loss of approximately $160,000.” CEO Prejean described integration progress and M&A posture: “DTI now operates as a single unified company anchored by our One DTI platform,” and added “we continue to believe the downhole drilling tool industry is fragmented and in need of consolidation.” Outlook CFO Johnson reaffirmed full-year ranges: “2026 revenue is expected to be in t...
Shares of Qualcomm (NASDAQ:QCOM) are heading higher Friday, trading at around $215 intraday and up roughly 6% on the session. The move caps a parabolic stretch that has put QCOM stock up 70% over the past month. That kind of vertical move on a $200 billion-plus mega-cap is rare. It’s also forcing investors to ask ... Qualcomm Just Ripped 70% in a Month. Is It Time to Sell in May and Go Away?
Shares of Qualcomm (NASDAQ:QCOM) are heading higher Friday, trading at around $215 intraday and up roughly 6% on the session. The move caps a parabolic stretch that has put QCOM stock up 70% over the past month. That kind of vertical move on a $200 billion-plus mega-cap is rare. It’s also forcing investors to ask ... Qualcomm Just Ripped 70% in a Month. Is It Time to Sell in May and Go Away?
Some companies that are strong investments aren't selling brands and products that I think about daily; they're just there in my everyday life, built into the flow of my day without me noticing. I'll reach for the same products every morning, not because I compared options, but because I've used them for so long it doesn't even feel like a decision anymore. That quiet, almost invisible, presence i...
Some companies that are strong investments aren't selling brands and products that I think about daily; they're just there in my everyday life, built into the flow of my day without me noticing. I'll reach for the same products every morning, not because I compared options, but because I've used them for so long it doesn't even feel like a decision anymore. That quiet, almost invisible, presence is what makes these two consumer staples companies so powerful. They've become part of how people live, not just what they buy. And because of that, their shares are solid decade-long holds. Image source: Getty Images. Continue reading
The United States will host two days of intensive talks between Israel and Lebanon next week in a renewed push for a broader peace and security arrangement, according to a State Department statement released on Friday. The talks, scheduled for May 14 and 15, will build on a previous round held on April 23 that Washington said was led personally by US President Donald Trump. In the statement, the U...
The United States will host two days of intensive talks between Israel and Lebanon next week in a renewed push for a broader peace and security arrangement, according to a State Department statement released on Friday. The talks, scheduled for May 14 and 15, will build on a previous round held on April 23 that Washington said was led personally by US President Donald Trump. In the statement, the US said Israeli and Lebanese delegations would engage in “detailed discussions” aimed at advancing “a...
Cloudflare (NET) announced a round of layoffs, following Coinbase's (COIN) similar announcement at the beginning of the week. Yahoo Finance Senior Business Reporter Ines Ferré, Yahoo Finance Senior Reporter Brooke DiPalma, and EMJ Capital founder and president Eric Jackson chat with Yahoo Finance's Brian Sozzi about the growing impact of artificial intelligence (AI) on the workforce.
Cloudflare (NET) announced a round of layoffs, following Coinbase's (COIN) similar announcement at the beginning of the week. Yahoo Finance Senior Business Reporter Ines Ferré, Yahoo Finance Senior Reporter Brooke DiPalma, and EMJ Capital founder and president Eric Jackson chat with Yahoo Finance's Brian Sozzi about the growing impact of artificial intelligence (AI) on the workforce.
Clinical-stage biotech Odyssey Therapeutics ( ODTX ) and neurostimulation device company Mobia Medical ( MOBI ) traded sharply lower following their trading debuts on Friday after their IPOs collectively raised more than $450M in gross proceeds. Boston, Massachusetts-based biotech Odyssey ( ODTX ) opened for trading at $20 around 11:50 am ET following its upsized offering, priced at $18, indicatin...
Clinical-stage biotech Odyssey Therapeutics ( ODTX ) and neurostimulation device company Mobia Medical ( MOBI ) traded sharply lower following their trading debuts on Friday after their IPOs collectively raised more than $450M in gross proceeds. Boston, Massachusetts-based biotech Odyssey ( ODTX ) opened for trading at $20 around 11:50 am ET following its upsized offering, priced at $18, indicating an approximately 11% gain. The stock was hovering at $16.49 as of 2:00 pm ET, implying an ~8% decline. Earlier in the day, the immunology drug developer estimated roughly $304M in gross proceeds from the offering, including a $25M private placement from TPG Life Sciences Innovations ( TPG ). Meanwhile, Mobia Medical ( MOBI ), a commercial-stage MedTech, opened for trading at $14 per share at around 12:40 pm ET after pricing its offering at $15 per share, which raised $150M in gross proceeds. The stock continued to tumble, trading at $11.49 per share at 2:10 pm ET, implying a ~23% decline from the IPO price. More on Odyssey Therapeutics, Inc., Mobia Medical, Inc. Mobia Medical Moves Forward On Its IPO Plan MedTech firm Mobia Medical prices $150M IPO Immunology drug developer Odyssey prices upsized IPO Financial information for Odyssey Therapeutics, Inc. Financial information for Mobia Medical, Inc.
July NY world sugar #11 (SBN26 ) today is up +0.19 (+1.31%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.40 (+0.32%). Sugar prices are climbing today as strength in the Brazilian real has sparked short-covering in sugar futures. The real (^USDBRL) is up +0.51% today, just...
July NY world sugar #11 (SBN26 ) today is up +0.19 (+1.31%), and Aug London ICE white sugar #5 (SWQ26 ) is up +1.40 (+0.32%). Sugar prices are climbing today as strength in the Brazilian real has sparked short-covering in sugar futures. The real (^USDBRL) is up +0.51% today, just...